*Problem 5-12B Classified multiple-step income statement-periodic LOS eXcel CHECK FIGURE: 1. Loss - $28,630 Information from the March 31, 2020, year-end unadjusted trial balance of The Online Store is as follows: Deble Credit $ 7.000 39,500 1,600 19,200 60,000 $ 14,000 23,000 6,500 16,000 134,600 34,000 506,750 Cash Merchandise Inventory Supplies Prepaid rent Store equipment... Accumulated depreciation, store equipment Office equipment Accumulated depreciation office equipment. Accounts payable Lucy Baker, capital Lucy Baker, withdrawals Sales Sales returns and allowances Sales discounts Purchases Purchase returns and allowances Purchase discounts Transportation in Salaries expense (60% selling, 40% office) Rent expense (80% selling space: 20% office space) Advertising expense. Supplies expense (30% selling supplies; 70% office supplies) Depreciation expense, store equipment Depreciation expense, office equipment Totals 13,800 6,000 346,000 4,600 7,150 16,000 58,000 49,000 7,000 9.500 .0 -0 $689,600 $689,600 Additional information: a. Supplies inventory at year-end, $920. b. The balance in the Prepaid Rent account represents a six-month contract effective November 1, 2019. c. Depreciation on the store equipment, $1,600. An asterisk (*) identifies assignment material based on Appendix SA or Appendix 58. 389 CHAPTER 5 Accounting for Merchandising Activities d. The useful life and trade-in value of the office equipment were originally estimated to be 7 years and $250, respectively. e. Ending merchandise inventory, $19,200, Required Analyze and determine the impact of the adjustments from (a) to (e) on the unadjusted trial bal- ance numbers. Prepare a classified multiple-step income statement (like Exhibit 5A.2) using your adjusted trial balance numbers